HC Deb 15 March 1999 vol 327 cc831-5

Motion made, and Question put,

That—

(1) In section 365 of the Income and Corporation Taxes Act 1988, in subsection (1), before paragraph (a) there shall be inserted the following paragraph— (aa) that the loan was made before 9th March 1999;".

(2) After subsection (1) of that section there shall be inserted the following subsection— (1AA) Where—

  1. (a) a loan made on or after 9th March 1999 was made in pursuance of an offer made by the lender before that date; and
  2. (b) the offer was either in writing or evidenced by a note or memorandum made by the lender before that date,
the loan shall be deemed for the purposes of subsection (1)(aa) above to have been made before that date."

(3) The preceding paragraphs have effect for the year 1998–99 and subsequent years of assessment.

And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.

The House divided: Ayes 324, Noes 191.

Division No. 100] [10.56 pm
AYES
Abbott, Ms Diane Borrow, David
Adams, Mrs Irene (Paisley N) Bradley, Keith (Withington)
Ainsworth, Robert (Cov'try NE) Bradley, Peter (The Wrekin)
Alexander, Douglas Bradshaw, Ben
Allen, Graham Brinton, Mrs Helen
Anderson, Janet (Rossendale) Brown, Rt Hon Gordon (Dunfermline E)
Armstrong, Ms Hilary
Atherton, Ms Candy Brown, Rt Hon Nick (Newcastle E)
Atkins, Charlotte Brown, Russell (Dumfries)
Austin, John Browne, Desmond
Banks, Tony Buck, Ms Karen
Barnes, Harry Burden, Richard
Barron, Kevin Burgon, Colin
Bayley, Hugh Butler, Mrs Christine
Beard, Nigel Campbell, Alan (Tynemouth)
Beckett, Rt Hon Mrs Margaret Campbell, Mrs Anne (C'bridge)
Begg, Miss Anne Campbell, Ronnie (Blyth V)
Bell, Stuart (Middlesbrough) Canavan, Dennis
Benn, Rt Hon Tony Caplin, Ivor
Benton, Joe Casale, Roger
Bermingham, Gerald Caton, Martin
Best, Harold Cawsey, Ian
Blears, Ms Hazel Chapman, Ben (Wirral S)
Blizzard, Bob Chaytor, David
Boateng, Paul Chisholm, Malcolm
Clapham, Michael Heal, Mrs Sylvia
Clark, Rt Hon Dr David (S Shields) Henderson, Ivan (Harwich)
Clark, Dr Lynda (Edinburgh Pentlands) Hepburn, Stephen
Heppell, John
Clarke, Charles (Norwich S) Hesford, Stephen
Clarke, Rt Hon Tom (Coatbridge) Hewitt, Ms Patricia
Clarke, Tony (Northampton S) Hill, Keith
Clelland, David Hinchliffe, David
Clwyd, Ann Hodge, Ms Margaret
Coaker, Vernon Hoey, Kate
Coffey, Ms Ann Home Robertson, John
Coleman, Iain Hoon, Geoffrey
Connarty, Michael Hope, Phil
Cook, Frank (Stockton N) Hopkins, Kelvin
Cook, Rt Hon Robin (Livingston) Howarth, Alan (Newport E)
Cooper, Yvette Howells, Dr Kim
Corbett, Robin Hoyle, Lindsay
Corbyn, Jeremy Hughes, Ms Beverley (Stretford)
Corston, Ms Jean Hughes, Kevin (Doncaster N)
Cranston, Ross Humble, Mrs Joan
Crausby, David Hurst, Alan
Cryer, Mrs Ann (Keighley) Hutton, John
Cryer, John (Hornchurch) Iddon, Dr Brian
Cummings, John Illsley, Eric
Cunningham, Rt Hon Dr Jack (Copeland) Jackson, Ms Glenda (Hampstead)
Jackson, Helen (Hillsborough)
Cunningham, Jim (Cov'try S) Jamieson, David
Dalyell, Tam Jenkins, Brian
Darling, Rt Hon Alistair Johnson, Alan (Hull W & Hessle)
Darvill, Keith Johnson, Miss Melanie (Welwyn Hatfield)
Davidson, Ian
Davies, Rt Hon Denzil (Llanelli) Jones, Helen (Warrington N)
Davies, Geraint (Croydon C) Jones, Ms Jenny (Wolverh'ton SW)
Dawson, Hilton
Dean, Mrs Janet Jones, Jon Owen (Cardiff C)
Denham, John Jones, Dr Lynne (Selly Oak)
Dismore, Andrew Jones, Martyn (Clwyd S)
Dobbin, Jim Kaufman, Rt Hon Gerald
Dobson, Rt Hon Frank Keeble, Ms Sally
Donohoe, Brian H Keen, Alan (Feltham & Heston)
Doran, Frank Keen, Ann (Brentford & Isleworth)
Dowd, Jim Kelly, Ms Ruth
Drew, David Kemp, Fraser
Dunwoody, Mrs Gwyneth Kennedy, Jane (Wavertree)
Eagle, Angela (Wallasey) Khabra, Piara S
Eagle, Maria (L 'pool Garston) Kidney, David
Efford, Clive Kilfoyle, Peter
Ellman, Mrs Louise King, Andy (Rugby & Kenilworth)
Ennis, Jeff King, Ms Oona (Bethnal Green)
Etherington, Bill Kingham, Ms Tess
Field, Rt Hon Frank Kumar, Dr Ashok
Fisher, Mark Ladyman, Dr Stephen
Fitzpatrick, Jim Laxton, Bob
Fitzsimons, Lorna Leslie, Christopher
Flint, Caroline Levitt, Tom
Follett, Barbara Lewis, Terry (Worsley)
Foster, Rt Hon Derek Linton, Martin
Foster, Michael Jabez (Hastings) Livingstone, Ken
Foster, Michael J (Worcester) Lloyd, Tony (Manchester C)
Galbraith, Sam Lock, David
Galloway, George Love, Andrew
Gerrard, Neil McAllion, John
Gibson, Dr Ian McAvoy, Thomas
Gilroy, Mrs Linda McCabe, Steve
Godman, Dr Norman A McCafferty, Ms Chris
Godsiff, Roger McDonagh, Siobhain
Goggins, Paul Macdonald, Calum
Golding, Mrs Llin McDonnell, John
Griffiths, Jane (Reading E) McGuire, Mrs Anne
Griffiths, Nigel (Edinburgh S) McIsaac, Shona
Griffiths, Win (Bridgend) McKenna, Mrs Rosemary
Grocott, Bruce Mackinlay, Andrew
Grogan, John McNulty, Tony
Hall, Patrick (Bedford) Mactaggart, Fiona
Hanson, David McWalter, Tony
Harman, Rt Hon Ms Harriet Mahon, Mrs Alice
Mallaber, Judy Salter, Martin
Mandelson, Rt Hon Peter Savidge, Malcolm
Marek, Dr John Sawford, Phil
Marsden, Gordon (Blackpool S) Sedgemore, Brian
Marsden, Paul (Shrewsbury) Sheerman, Barry
Marshall, David (Shettleston) Sheldon, Rt Hon Robert
Marshall-Andrews, Robert Shipley, Ms Debra
Martlew, Eric Short, Rt Hon Clare
Maxton, John Simpson, Alan (Nottingham S)
Meacher, Rt Hon Michael Singh, Marsha
Michie, Bill (Shef'ld Heeley) Skinner, Dennis
Milburn, Rt Hon Alan Smith, Rt Hon Andrew (Oxford E)
Miller, Andrew Smith, Angela (Basildon)
Mitchell, Austin Smith, Jacqui (Redditch)
Moonie, Dr Lewis Smith, John (Glamorgan)
Moran, Ms Margaret Smith, Llew (Blaenau Gwent)
Morgan, Ms Julie (Cardiff N) Snape, Peter
Morgan, Rhodri (Cardiff W) Soley, Clive
Morley, Elliot Southworth, Ms Helen
Morris, Ms Estelle (B'harn Yardley) Spellar, John
Morris, Rt Hon John (Aberavon) Squire, Ms Rachel
Mountford, Kali Starkey, Dr Phyllis
Mudie, George Stevenson, George
Mullin, Chris Stewart, David (Inverness E)
Murphy, Denis (Wansbeck) Stewart, Ian (Eccles)
Naysmith, Dr Doug Stinchcombe, Paul
O'Brien, Bill (Normanton) Stoate, Dr Howard
O'Brien, Mike (N Warks) Stott, Roger
O'Hara, Eddie Strang, Rt Hon Dr Gavin
Olner, Bill Straw, Rt Hon Jack
O'Neill, Martin Stringer, Graham
Organ, Mrs Diana Stuart, Ms Gisela
Osborne, Ms Sandra Sutcliffe, Gerry
Palmer, Dr Nick Taylor, Rt Hon Mrs Ann (Dewsbury)
Pearson, Ian
Pickthall, Colin Taylor, David (NW Leics)
Pike, Peter L Temple-Morris, Peter
Plaskitt, James Thomas, Gareth (Clwyd W)
Pollard, Kerry Thomas, Gareth R (Harrow W)
Pond, Chris Timms, Stephen
Tippinq, Paddy
Pope, Greg Todd Mark
Powell, Sir Raymond Touhig, Don
Prentice, Ms Bridget (Lewisham E) Trickett, Jon
Prentice, Gordon (Pendle) Truswell, Paul
Primarolo, Dawn Turner, Dr Desmond (Kemptown)
Purchase, Ken Turner, Dr George (NW Norfolk)
Quin, Rt Hon Ms Joyce Twigg, Derek (Halton)
Quinn, Lawrie Twigg, Stephen (Enfield)
Radice, Giles Vaz, Keith
Rammell, Bill Walley, Ms Joan
Rapson, Syd Ward, Ms Claire
Raynsford, Nick Wareing, Robert N
Reid, Rt Hon Dr John (Hamilton N) Watts, David
Robertson, Rt Hon George (Hamilton S) White, Brian
Whitehead, Dr Alan
Robinson, Geoffrey (Cov'try NW) Wicks, Malcolm
Roche, Mrs Barbara Williams, Alan W (E Carmarthen)
Rooker, Jeff Winnick, David
Rooney, Terry Winterton, Ms Rosie (Doncaster C)
Ross, Ernie (Dundee W) Wise, Audrey
Rowlands, Ted Worthington, Tony
Roy, Frank Wright, Anthony D (Gt Yarmouth)
Ruane, Chris
Ruddock, Joan Tellers for the Ayes:
Russell, Ms Christine (Chester) Mr. Mike Hall and
Ryan, Ms Joan Mr. Clive Betts.
NOES
Ainsworth, Peter (E Surrey) Baker, Norman
Allan, Richard Ballard, Jackie
Amess, David Beggs, Roy
Ancram, Rt Hon Michael Bercow, John
Beresford, Sir Paul
Arbuthnot, Rt Hon James Body, Sir Ricard
Ashdown, Rt Hon Paddy Boswell, Tim
Atkinson, Peter (Hexham) Bottomley, Rt Hon Mrs Virginia
Brake, Tom Jenkin, Bernard
Brand, Dr Peter Johnson Smith,
Breed, Colin Rt Hon Sir Geoffrey
Brooke, Rt Hon Peter Jones, leuan Wyn (Ynys Môn)
Browning, Mrs Angela Jones, Nigel (Cheltenham)
Bruce, Ian (S Dorset) Keetch, Paul
Bruce, Malcolm (Gordon) Kennedy, Charles (Ross Skye)
Burns, Simon Key, Robert
Burstow, Paul Kirkbride, Miss Julie
Butterfill, John Kirkwood, Archy
Cable, Dr Vincent Lait, Mrs Jacqui
Campbell, Menzies (NE Fife) Lansley, Andrew
Cash, William Leigh, Edward
Chapman, Sir Sydney (Chipping Barnet) Letwin, Oliver
Lewis, Dr Julian (New Forest E)
Chidgey, David Lidington, David
Chope, Christopher Lilley, Rt Hon Peter
Clappison, James Livsey, Richard
Clark, Rt Hon Alan (Kensington) Lloyd, Rt Hon Sir Peter (Fareham)
Clifton-Brown, Geoffrey Uwyd, Elfyn
Collins, Tim Loughton, Tim
Cormack, Sir Patrick Luff, Peter
Cotter, Brian Lyell, Rt Hon Sir Nicholas
Cran, James MacGregor, Rt Hon John
Cunningham, Ms Roseanna (Perth) MacKay, Rt Hon Andrew
Maclean, Rt Hon David
Curry, Rt Hon David Maclennan, Rt Hon Robert
Davey, Edward (Kingston) McLoughlin, Patrick
Davies, Quentin (Grantham) Major, Rt Hon John
Davis, Rt Hon David (Haltemprice) Maples, John
Day, Stephen Maude, Rt Hon Francis
Dorrell, Rt Hon Stephen Mawhinney, Rt Hon Sir Brian
Duncan, Alan May, Mrs Theresa
Duncan Smith, Iain Moore, Michael
Evans, Nigel Morgan, Alasdair (Galloway)
Ewing, Mrs Margaret Moss, Malcolm
Faber, David Nicholls, Patrick
Fabricant, Michael Oaten, Mark
Fallon, Michael Öpik, Lembit
Fearn, Ronnie Ottaway, Richard
Forsythe, Clifford Page, Richard
Forth, Rt Hon Eric Paice, James
Foster, Don (Bath) Paterson, Owen
Fowler, Rt Hon Sir Norman Pickles, Eric
Fox, Dr Liam Prior, David
Fraser, Christopher Randall, John
Garnier, Edward Redwood, Rt Hon John
George, Andrew (St Ives) Rendel, David
Gibb, Nick Robathan, Andrew
Gill, Christopher Robertson, Laurence (Tewk'b'ry)
Gillan, Mrs Cheryl Roe, Mrs Marion (Broxbourne)
Goodlad, Rt Hon Sir Alastair Ross, William (E Lond'y)
Gorman, Mrs Teresa Rowe, Andrew (Faversham)
Gorrie, Donald Ruffley, David
Gray, James Russell, Bob (Colchester)
Green, Damian St Aubyn, Nick
Greenway, John Salmond, Alex
Grieve, Dominic Sanders, Adrian
Gummer, Rt Hon John Sayeed, Jonathan
Hague, Rt Hon William Shephard, Rt Hon Mrs Gillian
Hamilton, Rt Hon Sir Archie Shepherd, Richard
Hammond, Philip Smith, Sir Robert (W Ab'd'ns)
Harris, Dr Evan Smyth, Rev Martin (Belfast S)
Harvey, Nick Soames, Nicholas
Hawkins, Nick Spelman, Mrs Caroline
Hayes, John Spicer, Sir Michael
Heald, Oliver Spring, Richard
Heath, David (Somerton & Frome) Stanley, Rt Hon Sir John
Heathcoat-Amory, Rt Hon David Steen, Anthony
Horam, John Streeter, Gary
Howard, Rt Hon Michael Swayne, Desmond
Howarth, Gerald (Aldershot) Swinney, John
Hughes, Simon (Southwark N) Syms, Robert
Hunter, Andrew Tapsell, Sir Peter
Jack, Rt Hon Michael Taylor, Ian (Esher & Walton)
Jackson, Robert (Wantage) Taylor, Rt Hon John D (Strangford)
Taylor, John M (Solihull) Whittingdale, John
Taylor, Matthew (Truro) Widdecombe, Rt Hon Miss Ann
Taylor, Sir Teddy Wigley, Rt Hon Dafydd
Tonge, Dr Jenny Wilkinson, John
Tredinnick, David Willetts, David
Trend, Michael Willis, Phil
Tyler, Paul Wilshire, David
Winterton, Mrs Ann (Congleton)
Tyrie, Andrew Winterton, Nicholas (Macclesfield)
Wallace, James Woodward, Shaun
Wardle, Charles Yeo, Tim
Waterson, Nigel Young, Rt Hon Sir George
Webb, Steve
Wells, Bowen Tellers for the Noes:
Welsh, Andrew Mrs. Eleanor Laing and
Whitney, Sir Raymond Sir David Madel.

Question accordingly agreed to.